In a lengthy workshop session with financial advisers Jan. 15, Lower Paxton Township supervisors learned that refinancing bond issues of 2006 and 2013 at lower rates is expected to save the township more than $1 million.

At least one more meeting will be held in February to determine how much additional borrowing will take place with the new package. Following severe flooding in Lower Paxton Township in 2011, township officials targeted $3.2 million in storm water improvement projects that they want to complete from 2014 to 2016.

Supervisors are considering additional borrowing up to $1 million for improvements at The Friendship Center, notably $610,000 needed for improvements to the recreation center’s pool.

In other recent township business, Lower Paxton Township supervisors Jan. 8 approved an annual license for Hutch’s Towing and Salvage, 6861 Blue Ridge Ave., following reports that the business is in full compliance with township regulations.

The junkyard is “the only legal one in the township,” said Supervisor Bill Seeds, although “we have others.”